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Wait | 30 January 2023

30 January 2023, USD/JPY

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USDJPY is moving in the form of an impulsive V wave pattern that has already formed the Major for waves and now we expect the market to impulse to the upside to form the major wave V. The market has been forming a corrective triangle from 129.627 to where it is now which is 129.810. I expect the market to push a little bit to the downside up to around 129.020, which is a major zone, I expect it to for a double bottom at this level,129.020, before moving impulsively to the upside up to around 131.717.

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Bob Stan
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